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night at $86. in the fallout from the tragedy in newtown, connecticut, which remains on our minds, some interesting stats: reports say gun rights groups have given $17 million in campaign contributions, while contributions are $1.7 million for gun control groups. larry levin of trading advantage joins us now for a closer look at today's market action. good to have you on the show this morning. > > nice to be here. thank you. > i am still sensing traders are feeling a bit of a somber trade. even though the market rallied yesterday, i am imagining that what happened in sandy hook is still very much on traders' minds. > > i would certainly think that people are thinking about that. anybody who is a parent certainly is thinking about it and talking about it here on the trading floors. but that certainly didn't stop people from buying the market up strong yesterday, that's for sure. but definitely something that has got traders talking a little quieter than they might otherwise. > there is also some sobering news coming from the latest economists' survey. they see a mediocre 2013 for the eco
if there are other investments in gun manufacturers before then. the horrific school shooting in newtown connecticut is boosting sales of bullet-proof backpacks. sales of the body armor backpacks have tripled at a company in salt lake city utah according to reports. the bags are made with a kevlar type material. several other companies sell similar backpacks. the companies however are being accused of attempting to cash in on tragedy. the backpack sell for around $300. despite a disappointing earnings report -- fed ex is expecting a record holiday season. this week's earnings from fed ex revealed profits were down in the 4th quarter. superstorm sandy played a role. however -- fed ex cites "persistant weakness" in the global economy -- as the main drag on profits, which fell 11.9 percent from last year. the beacon of hope for fed ex appears to be this holiday season. the company's ceo says online shopping is providing the opportunity for a record year. lawmakers are heading into crunch time on averting the fiscal cliff. yesterday, president obama said he wants a deal done by christmas. he also accuse
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